Auto market to slow in 2011

Filed under:Ascari, Asia motors, Asian, Aston Martin, None,
BEIJING- It is being expected that the market of china is to end its skyrocketing growth in the coming year, the government has decided for ceasing the incentives measures, and they start to curb the auto market, which is booming in these days in large cities in a bid for the ease congestion.

Moreover, we should not be optimistic for the china’s automobile industry for the coming year, stated by Jia Xinguang an in independent analyst of auto and he is actually based in Beijing. After the expiry of a few measure , more specifically the policy of tax , in terms of the capacity of the engine the auto market will certainly be a restructuring in the near future.

Jia, stated about the automakers and especially the local carmakers with the models and the engine capacities of 1.6 liters or may be less, will certainly face a challenge in 2011.

They are working very hard in order to improve the strength and quality of the brand of their respective cars and they have put their great efforts for the achievement. Jia, explained that It is to a certain extent a substance of immense consideration that the sales of the china’s vehicles surged to 16.4 million in the eleven months since November, According to the china Automobile Industry Association.
The analyst s have estimated that the growth in the automobile sector may be decreased in the next year 2011, and it is expected that it could be possible that it slow to 10 to 15 percent or possibly lower in 2011.